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Tag Archives: scrap demand

Trade for long steel products has been slower due to summer breaks in the northern hemisphere, although demand in Europe and North America could be described as reasonable for the season, according to the short-range outlook report issued by IREPAS, the global association of producers and exporters of long steel products. Oversupply remains biggest problem […]

Turkish import scrap market has been lively over the past week against the backdrop of new transactions and increasing scrap prices.These increases in scrap prices have created a great confusion in the market, while producers have met their immediate scrap needs with the purchases they have concluded in the last seven days for shipments in […]

This week November scrap numbers posted down as expected. Chicago posted down $30/Ton at $325 from $355. This move was generally expected as the market had predicted a $20-$40/ton in late October. As such, most major cities followed a similar trend. Looking ahead in scrap, as the weather worsens, typically scrap is more difficult to […]

I was just finishing up below my comments then late last week domestic mills announced a $20/Ton increase on rebar effective June 2nd. The move was not immediately followed by all manufacturers so it is uncertain if it will “stick”. It does, however suggest that mills are bullish on their current pricing in the face […]

The Chicago Shredded Scrap finally posted down $20/ton from the prior month at $388/ton ending a long month of uncertainty and severe shifts in overall market sentiment. At one point in the last month, it looked as if scrap would “fall off the cliff” as mills were buying virtually nothing and demand in the market […]

It goes without saying that the steel industry needs the scrap industry; without an abundant supply of leftover steel from consumers, manufacturers and demolishers, steel plants would have to rely entirely on iron ore for their raw material. Sure, iron ore is more pure than scrap and can produce higher-quality steel, but it’s costlier to […]